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Entrepreneurship Worksheet: Pricing with a Markup

Entrepreneurship lesson 12: Pricing with a markup · Set 161 · 40 questions
TalentJR

Business tip (Cost plus a fair markup): Markup (profit on one) = cost × percent ÷ 100. Selling price = cost + markup. Markup percent = (selling price − cost) × 100 ÷ cost. Check the price against what buyers will pay.

NameDateTime takenScore ___ / 40
  1. 1.One jute bag costs ₹30 to make. Zoya adds a 20% markup. What is the selling price (in ₹)?
  2. 2.🤔 Besides cost, what should a price think about? (a) the weather only (b) your favourite number (c) nothing else (d) what buyers will pay
  3. 3.One clay diya costs ₹12 to make. Kavya adds a 25% markup. What is the selling price (in ₹)?
  4. 4.📉 A price below the cost leads to… (a) a profit (b) free stock (c) break-even (d) a loss
  5. 5.One jute bag costs ₹30 to make. Nisha adds a 50% markup. What is the selling price (in ₹)?
  6. 6.One potted plant costs ₹44 to make. Vihaan adds a 25% markup. What is the selling price (in ₹)?
  7. 7.One paper bookmark costs ₹56 to make. Meera adds a 25% markup. What is the selling price (in ₹)?
  8. 8.One fruit cup costs ₹22 to make and Arjun sells it for ₹44. What is the markup in percent?
  9. 9.One fruit cup costs ₹11 to make. Kabir adds a 100% markup. What is the profit on one (in ₹)?
  10. 10.One cupcake costs ₹60 to make and Meera sells it for ₹72. What is the markup in percent?
  11. 11.One paper bookmark costs ₹20 to make. Riya adds a 10% markup. What is the profit on one (in ₹)?
  12. 12.One fruit cup costs ₹52 to make. Kavya adds a 25% markup. What is the selling price (in ₹)?
  13. 13.One friendship band costs ₹22 to make and Nisha sells it for ₹33. What is the markup in percent?
  14. 14.One potted plant costs ₹15 to make. Nisha adds a 20% markup. What is the selling price (in ₹)?
  15. 15.One handmade card costs ₹35 to make. Aarav adds a 100% markup. What is the profit on one (in ₹)?
  16. 16.One cupcake costs ₹12 to make. Ishaan adds a 25% markup. What is the profit on one (in ₹)?
  17. 17.🧮 A 50% markup on a ₹20 cost adds… (a) 50 rupees (b) 20 rupees (c) 5 rupees (d) 10 rupees
  18. 18.One fruit cup costs ₹20 to make. Gurpreet adds a 50% markup. What is the selling price (in ₹)?
  19. 19.One handmade card costs ₹50 to make. Nisha adds a 10% markup. What is the selling price (in ₹)?
  20. 20.One fruit cup costs ₹40 to make. Saanvi adds a 20% markup. What is the profit on one (in ₹)?
  21. 21.One bag of popcorn costs ₹57 to make. Lakshmi adds a 100% markup. What is the profit on one (in ₹)?
  22. 22.One handmade card costs ₹29 to make and Joseph sells it for ₹58. What is the markup in percent?
  23. 23.One painted pebble costs ₹48 to make. Aarav adds a 25% markup. What is the profit on one (in ₹)?
  24. 24.One painted pebble costs ₹10 to make. Aarav adds a 10% markup. What is the selling price (in ₹)?
  25. 25.One bag of popcorn costs ₹40 to make and Vihaan sells it for ₹44. What is the markup in percent?
  26. 26.One jute bag costs ₹32 to make. Vihaan adds a 50% markup. What is the selling price (in ₹)?
  27. 27.One handmade card costs ₹40 to make and Rohan sells it for ₹44. What is the markup in percent?
  28. 28.One cupcake costs ₹20 to make. Zoya adds a 20% markup. What is the profit on one (in ₹)?
  29. 29.One glass of chai costs ₹52 to make. Kabir adds a 25% markup. What is the selling price (in ₹)?
  30. 30.One fruit cup costs ₹48 to make. Nisha adds a 100% markup. What is the profit on one (in ₹)?
  31. 31.One painted pebble costs ₹60 to make and Diya sells it for ₹66. What is the markup in percent?
  32. 32.One potted plant costs ₹45 to make. Rohan adds a 20% markup. What is the selling price (in ₹)?
  33. 33.One painted pebble costs ₹25 to make. Meera adds a 20% markup. What is the profit on one (in ₹)?
  34. 34.One cup of lemonade costs ₹10 to make. Lakshmi adds a 20% markup. What is the selling price (in ₹)?
  35. 35.One glass of chai costs ₹60 to make. Nisha adds a 25% markup. What is the profit on one (in ₹)?
  36. 36.One potted plant costs ₹14 to make. Ishaan adds a 100% markup. What is the profit on one (in ₹)?
  37. 37.One fruit cup costs ₹20 to make. Nisha adds a 20% markup. What is the profit on one (in ₹)?
  38. 38.One clay diya costs ₹20 to make. Joseph adds a 10% markup. What is the selling price (in ₹)?
  39. 39.🏷️ Cost-plus pricing means… (a) cost − a markup (b) guess any price (c) copy a rival (d) cost + a markup
  40. 40.One jute bag costs ₹51 to make and Zoya sells it for ₹102. What is the markup in percent?

Answer key

  1. 36
  2. what buyers will pay
  3. 15
  4. a loss
  5. 45
  6. 55
  7. 70
  8. 100
  9. 11
  10. 20
  11. 2
  12. 65
  13. 50
  14. 18
  15. 35
  16. 3
  17. 10 rupees
  18. 30
  19. 55
  20. 8
  21. 57
  22. 100
  23. 12
  24. 11
  25. 10
  26. 48
  27. 10
  28. 4
  29. 65
  30. 48
  31. 10
  32. 54
  33. 5
  34. 12
  35. 15
  36. 14
  37. 4
  38. 22
  39. cost + a markup
  40. 100

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